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MYR Group to Release Q2 Earnings: What's in Store for the Stock?
ZACKS· 2025-07-29 14:51
Core Insights - MYR Group Inc. (MYRG) is set to release its second-quarter 2025 results on July 30, with an earnings surprise of 17.89% in the previous quarter [1][10] Group 1: Performance Factors - MYR Group is expanding its presence in both new and existing markets to meet growing customer demand, which is expected to support second-quarter earnings [2] - The energy landscape in the U.S. and Canada is shifting towards clean energy, benefiting MYR Group's Transmission & Distribution and Commercial & Industrial segments, likely reflecting positively in second-quarter earnings [3] - Strong momentum in core markets, driven by investments in data centers, transportation infrastructure, clean energy, healthcare, and reshoring of manufacturing, is anticipated to favorably impact second-quarter performance [4] Group 2: Q2 Expectations - The Zacks Consensus Estimate for MYR Group's earnings is $1.56 per share, indicating a significant year-over-year increase of 271.4% [5] - Revenue estimates are set at $827.9 million, showing a slight decline of 0.12% from the previous year [5] Group 3: Earnings Prediction - Current predictions do not indicate an earnings beat for MYR Group, as the company has an Earnings ESP of 0.00% and a Zacks Rank of 3 [6][7]